Sodium: a strategic alternative to lithium
Sodium has several major advantages that make it a promising alternative to lithium. Sodium is a much more abundant raw material, with up to 500 times more availability on Earth than lithium. This abundance is a strong argument for manufacturers, as it guarantees a more stable and less costly source of supply.
What’s more, the absence of rare materials like cobalt and nickel in sodium batteries makes them more environmentally friendly. These batteries also use more common and less expensive materials, such as aluminum instead of copper, thus reducing production costs.
The lithium issue
By comparison, the supply chain for lithium batteries is highly concentrated. China holds a majority share of the world’s lithium production and refining, giving it significant market control.
This geopolitical dependence, combined with the scarcity of materials such as cobalt, has led to soaring prices, with some components rising by over 700%. This is why the search for alternatives is a strategic priority for companies, in order to gain independence from market fluctuations and those who control them.